Corda is an open-source blockchain platform designed specifically for businesses. It enables organizations to transact directly with one another while maintaining privacy and security. Unlike traditional blockchains, Corda does not require all participants to have access to the same data, allowing for more efficient and confidential transactions. Developed by R3, a consortium of financial institutions, Corda focuses on streamlining processes in industries such as finance, insurance, and supply chain. Its unique architecture allows for smart contracts, which automate agreements and reduce the need for intermediaries, ultimately enhancing operational efficiency.